On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week on a positive note. The benchmark index rose 0.45% to 8,532.3 points.
Will the market be able to build on this on Monday? Here are five things to watch:
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ASX 200 expected to sink
The Australian share market looks set to sink on Monday following a poor night of trade on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 101 points or 1.2% lower. In the United States, the Dow Jones was down 0.75%, the S&P 500 fell 0.5%, and the Nasdaq edged 0.3% lower.
Oil prices soften
It could be a subdued start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices softened on Friday. According to Bloomberg, the WTI crude oil price was down 0.3% to US$72.53 a barrel and the Brent crude oil price was down 0.3% to US$75.67 a barrel. Concerns about trade tariffs weighed on prices.
ResMed named as a buy
The ResMed Inc (ASX: RMD) share price could be good value according to analysts at Goldman Sachs. This morning, the broker has reaffirmed its buy rating on the sleep disorder treatment company's shares with a slightly improved $49.00 price target. It said: "RMD delivered a strong 2Q25 result with global devices sales ~250bps higher and global masks sales broadly in line with Visible Alpha Consensus Data. The strength in US devices sales (+12% vs pcp) in our view is early evidence that the growing awareness of Obstructive Sleep Apnea (OSA) from the uptick in consumer wearables and GLP- 1 therapies is translating to demand for RMD's products."
Gold price falls
ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a relatively soft start to the week after the gold price edged lower on Friday night. According to CNBC, the gold futures price was down 0.35% to US$2,835 an ounce. Nevertheless, the gold price rose strongly over the week on Trump policy uncertainty.
Buy Mineral Resources shares
Analysts at Bell Potter believe that Mineral Resources Ltd (ASX: MIN) shares could be great value at current levels. The broker has retained its buy rating on its shares with a trimmed price target of $59.60. It said: "We continue to view MIN as an attractive investment and maintain our buy recommendation. Positive catalysts for MIN include (1) the ramp-up of the Onslow Iron Project in CY25, (2) the deleveraging of MIN's balance sheet enabled by Onslow (MIN noted it expects to have reached peak leverage in 2Q), and (3) new leadership will inherit a strong set of assets and capabilities, an improved balance sheet, substantial growth optionality, and a stronger governance focus."
